Absorption Report


Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 22% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 1 0
76k-100k 1 0.2 0
101k-125k 4 2 0.7 0
126k-150k 4 16 5 0.7 1.5
151k-175k 5 32 8 1.1 0.9
176k-200k 31 55 9 0.3 3.4
201k-225k 36 47 7 0.2 4.6
226k-250k 59 54 9 0.2 6.6
251k-275k 40 48 5 0.2 5
276k-300k 59 44 8 0.1 8
301k-325k 50 54 5 0.2 5.6
326k-350k 38 64 7 0.3 3.6
351k-375k 17 32 4 0.3 3.2
376k-400k 31 36 8 0.2 5.2
401k-425k 13 21 5 0.3 3.7
426k-450k 11 28 3 0.4 2.4
451k-475k 10 10 0.2 6
476k-500k 10 20 2 0.3 3
501k-550k 12 34 3 0.5 2.1
551k-600k 10 20 4 0.3 3
601k-650k 8 25 3 0.5 1.9
651k-700k 11 24 6 0.4 2.8
701k-750k 3 7 0.4 2.6
751k-800k 5 10 0.3 3
801k-850k 4 4 0.2 6
851k-900k 1 10 2 1.7 0.6
901k-950k 4 0.7 0
951k-1m 2 7 0.6 1.7
1m-1.1m 7 1 1.2 0
1.1m-1.2m 2 3 0.3 4
1.2m-1.3m 1 3 0.5 2
1.3m-1.4m 1 5 0.8 1.2
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 2 0.3 0
1.6m-1.7m 3 5 0.3 3.6
1.7m-1.8m 2 3 0.3 4
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0.2 0
2m-2.25m 1 0
2.75m-3m 1 0.2 0
3.5m-4m 1 0

Townhouses 22% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 2 0.3 3
126k-150k 2 2 0.2 6
151k-175k 2 0.3 0
176k-200k 8 9 1 0.2 5.3
201k-225k 12 10 1 0.1 7.2
226k-250k 13 7 0.1 11.1
251k-275k 11 4 0.1 16.5
276k-300k 11 23 4 0.3 2.9
301k-325k 3 2 0.1 9
326k-350k 6 0
351k-375k 3 0.5 0
376k-400k 1 3 1 0.5 2
401k-425k 2 4 1 0.3 3
426k-450k 2 0.3 0
451k-475k 1 0.2 0
476k-500k 3 4 2 0.2 4.5
501k-550k 2 9 0.8 1.3
551k-600k 1 3 0.5 2
601k-650k 2 10 2 0.8 1.2
651k-700k 3 7 1 0.4 2.6
701k-750k 6 2 1 0
751k-800k 3 4 0.2 4.5
801k-850k 2 0.3 0
851k-900k 2 0
901k-950k 2 0
951k-1m 2 0

Condos 20% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 1 0.2 0
26k-50k 1 0
51k-75k 3 0.5 0
76k-100k 2 4 0.3 3
101k-125k 3 7 0.4 2.6
126k-150k 8 9 0.2 5.3
151k-175k 5 1 0 30
176k-200k 7 5 1 0.1 8.4
201k-225k 13 11 3 0.1 7.1
226k-250k 3 13 3 0.7 1.4
251k-275k 2 9 1 0.8 1.3
276k-300k 7 4 0.1 10.5
301k-325k 3 2 0.1 9
326k-350k 1 2 0.3 3
351k-375k 2 6 0.5 2
376k-400k 1 0.2 0
401k-425k 1 1 0.2 0
426k-450k 3 2 0.1 9
451k-475k 3 5 1 0.3 3.6
476k-500k 3 1 0.1 18
501k-550k 2 2 0.2 6
551k-600k 2 0.3 0
601k-650k 1 0
651k-700k 1 0.2 0
701k-750k 1 0

Land 15% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 6 0
26k-50k 4 7 0.3 3.4
51k-75k 8 3 0.1 16
76k-100k 5 0
101k-125k 1 0.2 0
126k-150k 2 1 0.3 0
176k-200k 2 0
201k-225k 1 0
226k-250k 1 1 0.2 6
251k-275k 1 0
276k-300k 3 0
301k-325k 2 0
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
401k-425k 1 0.2 0
426k-450k 1 0
476k-500k 1 0
551k-600k 2 0
601k-650k 1 2 0.3 3
651k-700k 1 0
751k-800k 1 0
1.1m-1.2m 1 0